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Online magazine rack hits the auction block.

Newsstand, is seeking a buyer, Fortune has learned.

The San Francisco-based company has hired investment bank Montgomery Co. to manage the process, with one source saying that the company is seeking between $50 million and $100 million. No idea yet if there is buy-side interest at that price.

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FORTUNE — Zinio, a digital magazine reading platform that competes with Amazon’s (AMZN) Kindle app and Apple’s (AAPL) Newsstand, is seeking a buyer, Fortune has learned.

The San Francisco-based company has hired investment bank Montgomery Co. to manage the process, with one source saying that the company is seeking between $50 million and $100 million. No idea yet if there is buy-side interest at that price.

Zinio raised venture capital in the early part of the aughts, from brand-name firms like Apax Partners, New Enterprise Associates, North Bridge Venture Partners and Commonwealth Capital Ventures. But those firms all sold their stakes (for very little) more than five years ago to a real estate and hotel magnate named David Gilmour, who currently serves as the company’s executive chairman.

Article Source: http://rss.cnn.com/~r/rss/money_markets/~3/ihZ20fsJbhU/

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Markets

Thai Mango growers complain of low prices and fewer exports

Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.

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Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.

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Investment

Foreigners’ Participation in Thai Listed Companies explained

Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.

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Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.

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